Freestanding Industrial
814 S Westwood Avenue Addison, IL 60101
814 S Westwood Avenue, Addison, IL, 60101
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Addison, IL
Property Size10,000 SF
Lot Size0.69 Acres
Price / SF$150
Days on Market248
Property Features for 814 S Westwood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUS
- Standard status
- Active
- APN
- 0332402004
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 21544
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Building materials
- Brick, Concrete, Block
- Roof type
- Membrane
Listing Agency
REMAX Legends
(630) 216-8000
17W480 22nd St, Oakbrook Terrace, IL
Listed by
Kelly Dyson · License #475114736
(708) 655-5000
Added: Nov 11, 2025 Checked: Jul 17 at 7:06 am
MLS# 12516032
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding brick industrial building offering warehouse space with over 15-foot ceilings and a separate office component totaling approximately 2,500 SF, sold as-is. The property includes fire sprinkler system service, two overhead doors, and a partially fenced outside storage yard to support equipment and inventory staging. Recent updates noted by the owner include a newer roof, newly tuck-pointed exterior masonry, and new A/C in the offices.
The site is located in Addison, Illinois within INDUS zoning, with access to nearby highways indicated in the remarks. The property is described as being close to North Ave as well as I-355, I-294, I-290, and Route 83, supporting convenient regional connectivity for industrial users.
This facility is well suited for industrial operations that need a secured outdoor storage area, truck-friendly overhead door access, and an on-site office for administrative and customer-facing functions. With both warehouse and office space already configured, prospective tenants or owner-operators can evaluate the remaining as-is condition and fit for their specific workflow.
The site is located in Addison, Illinois within INDUS zoning, with access to nearby highways indicated in the remarks. The property is described as being close to North Ave as well as I-355, I-294, I-290, and Route 83, supporting convenient regional connectivity for industrial users.
This facility is well suited for industrial operations that need a secured outdoor storage area, truck-friendly overhead door access, and an on-site office for administrative and customer-facing functions. With both warehouse and office space already configured, prospective tenants or owner-operators can evaluate the remaining as-is condition and fit for their specific workflow.
Key Highlights
- Prime location with easy access to I355, I294, I290, Route 83, and North Ave.
- Freestanding brick building featuring approximately 7500 SF warehouse space and 2500 SF office space.
- High ceiling warehouse with over 15' ceiling height.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $6.48 |
| − Vacancy | −$3.3k | −$0.33 |
| EGI | $61.5k | $6.15 |
| − OpEx | −$9.2k | −$0.92 |
| NOI | $52.3k | $5.23 |
10,000 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$746.7K
$653.4K – $871.2K
NOI $52,271 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$615.0K
$538.1K – $717.5K
NOI $43,047 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,678 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Illinois Repossession Agency
Business Related
Advanced Sign and Lighting
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Hassett Commercial Moving & Storage — 455 W Kay Ave, Addison, IL 60101
- Security Vault Storage — 522 S Westgate St, Addison, IL 60101
- Life Storage — w fullerton ave, addison, il 60101
- Secure Document Solutions — Life Storage, 426 S Westgate St, Addison, IL 60101
- Illinois Velocity Restoration, LLC — 411 Kay Ave, Addison, IL 60101
FAQs
What type of property is this?
Warehouse - Freestanding brick industrial building with sprinklered warehouse space, fenced yard, and office improvements for versatile tenant use.
Where is this warehouse located?
The property is located at 814 S Westwood Avenue Addison, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location with easy access to I355, I294, I290, Route 83, and North Ave.; Freestanding brick building featuring approximately 7500 SF warehouse space and 2500 SF office space.; High ceiling warehouse with over 15' ceiling height.
